Standard Supply AS — M&A Activity 2024

Mar 20, 2024

Standard Supply AS: Sale of Standard Supplier

Standard Supply AS: Sale of Standard Supplier

Oslo, Norway, March 20th 2024

Standard Supply AS (Standard Supply, OSE: STSU) is pleased to report the sale of the large-sized PSV Standard Supplier for gross USD 22.7 million. The vessel is currently on hire with BP UK at GBP 18,595 per day. The transaction is expected to be completed in early April 2024.

“Following the sale of the last vessel the Company will be left with cash of USD 42 – 43 million”, says Martin Nes, Chairman of the Board of Standard Supply.

ENDS

For further information, please contact:

CEO Espen L. Fjermestad at +47 95 20 44 93

Chairman of the Board Martin Nes at +47 92 01 48 14

standard-supply.com